Revenue was $142.3 million, an increase of 6.5%, compared to $133.6
million in the prior fiscal quarter and an increase of 30.5% compared
to $109.1 million in the previous year fiscal third quarter;

Gross profit was $74.0 million, an increase of 12.9%, compared to
$65.5 million in the prior fiscal quarter and an increase of 40.9%
compared to $52.5 million in the previous year fiscal third quarter;

Gross margin was 52.0%, compared to 49.1% in the prior fiscal quarter
and 48.1% in the previous year fiscal third quarter;

Operating income was $10.2 million, compared to an operating loss of
$7.2 million in the prior fiscal quarter and operating income of $4.4
million in the previous year fiscal third quarter; and

Net income from continuing operations was $21.4 million, resulting in
$0.11 income per diluted share, compared to a net loss from continuing
operations of $12.0 million, or $0.23 loss per share, in the prior
fiscal quarter and net income from continuing operations of $1.8
million, or $0.02 income per diluted share, in the previous year
fiscal third quarter.

Third Quarter Fiscal Year 2016 Adjusted Non-GAAP Results

Adjusted gross margin was 57.3%, compared to 58.1% in the prior fiscal
quarter and 58.0% in the previous year fiscal third quarter;

Adjusted operating income was $34.9 million, or 24.5% of revenue,
compared to $32.4 million, or 24.3% of revenue, in the prior fiscal
quarter and $25.8 million, or 23.6% of revenue, in the previous year
fiscal third quarter;

Adjusted net income was $27.9 million, or $0.51 per diluted share,
compared to adjusted net income of $25.7 million, or $0.46 per diluted
share, in the prior fiscal quarter and adjusted net income of $18.4
million, or $0.33 per diluted share, in the previous year fiscal third
quarter; and

Adjusted EBITDA was $42.1 million, compared to $39.0 million for the
prior fiscal quarter and $29.0 million for the previous year fiscal
third quarter.

Management Commentary

John Croteau, MACOM's President and Chief Executive Officer, stated, "I
am pleased to announce another quarter of solid execution and growth,
with Networks up 8.6 percent sequentially on continued share expansion
in Optical and strong demand for new catalog products servicing the
broader Networks market. Our diversification, coupled with our leading
market position in Optical, allowed us to gain market share and grow
even in the presence of isolated headwinds. Revenue from the Aerospace
and Defense market was essentially flat, while Multi-market was up 1.9
percent sequentially. Our catalog business spanning all end markets
increased on the back of our new MMIC-based products.

“Additionally, we continued to advance our GaN initiative and remain on
track to ramp volume production programs beginning in the first half of
2017. Lastly, Aerospace and Defense is shaping up to deliver twice the
growth rate of our target operating model next quarter and through
fiscal 2017.”

Business Outlook

For the fiscal fourth quarter ending September 30, 2016, MACOM expects
revenue to be in the range of $148 million to $152 million, adjusted
gross margin between 57% and 59%, and adjusted earnings per share to be
between $0.54 and $0.58 on an anticipated 56 million fully diluted
shares outstanding.

Conference Call

MACOM will host a conference call on Tuesday, July 26, 2016 at 5:00 p.m.
Eastern Time to discuss its third fiscal quarter financial results and
business outlook. Investors and analysts may join the conference call by
dialing 1-877-837-3908 and providing the passcode 42365500.

International callers may join the teleconference by dialing
+1-973-872-3000 and entering the same confirmation code at the prompt. A
telephone replay of the call will be made available beginning two hours
after the call and will remain available for 5 business days. The replay
number is 1-855-859-2056 with a passcode of 42365500. International
callers should dial +1-404-537-3406 and enter the same passcode at the
prompt.

Additionally, this conference call will be broadcast live over the
Internet and can be accessed by all interested parties in the Investors
section of MACOM's website at
http://www.macom.com .
To listen to the live call, please go to the Investors section of
MACOM's website and click on the conference call link at least fifteen
minutes prior to the start of the conference call. For those unable to
participate during the live broadcast, a replay will be available
shortly after the call and will remain available for approximately 30
days.